Cornerstone Advisors LLC purchased a new position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 189,353 shares of the specialty retailer’s stock, valued at approximately $17,438,000.
Other large investors have also bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of O’Reilly Automotive by 2.4% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,397 shares of the specialty retailer’s stock valued at $401,000 after purchasing an additional 104 shares in the last quarter. Quadcap Wealth Management LLC grew its stake in shares of O’Reilly Automotive by 4.7% in the third quarter. Quadcap Wealth Management LLC now owns 2,422 shares of the specialty retailer’s stock worth $261,000 after purchasing an additional 108 shares during the last quarter. Mainstream Capital Management LLC grew its position in shares of O’Reilly Automotive by 0.9% in the 1st quarter. Mainstream Capital Management LLC now owns 12,630 shares of the specialty retailer’s stock valued at $1,166,000 after buying an additional 109 shares during the last quarter. Dynasty Wealth Management LLC increased its position in O’Reilly Automotive by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 4,281 shares of the specialty retailer’s stock valued at $390,000 after purchasing an additional 113 shares during the period. Finally, Kohmann Bosshard Financial Services LLC increased its position in shares of O’Reilly Automotive by 54.3% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 324 shares of the specialty retailer’s stock worth $30,000 after buying an additional 114 shares during the period. 85.00% of the stock is owned by institutional investors and hedge funds.
O’Reilly Automotive Price Performance
O’Reilly Automotive stock opened at $90.23 on Tuesday. O’Reilly Automotive, Inc. has a one year low of $82.59 and a one year high of $108.71. The business has a fifty day moving average price of $88.93 and a 200-day moving average price of $91.28. The firm has a market capitalization of $72.99 billion, a P/E ratio of 28.74, a PEG ratio of 1.99 and a beta of 0.51.
Insiders Place Their Bets
In related news, SVP Robert Allen Dumas sold 84,600 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $92.60, for a total transaction of $7,833,960.00. Following the completion of the transaction, the senior vice president directly owned 1,782 shares in the company, valued at $165,013.20. The trade was a 97.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maria Sastre sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $91.85, for a total value of $183,700.00. Following the transaction, the director directly owned 14,970 shares of the company’s stock, valued at $1,374,994.50. The trade was a 11.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,800 shares of company stock valued at $8,402,644 in the last ninety days. Corporate insiders own 0.77% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Wells Fargo & Company set a $100.00 target price on O’Reilly Automotive in a research note on Friday, July 24th. The Goldman Sachs Group reissued a “buy” rating on shares of O’Reilly Automotive in a research note on Monday, August 3rd. Robert W. Baird set a $100.00 price objective on O’Reilly Automotive in a research note on Friday, July 31st. Morgan Stanley cut their target price on O’Reilly Automotive from $112.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Truist Financial set a $108.00 price target on shares of O’Reilly Automotive in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.24.
Check Out Our Latest Analysis on ORLY
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a leading retailer and distributor in the automotive aftermarket, supplying parts, tools, supplies and accessories for both professional service providers and do‑it‑yourself (DIY) customers. The company’s product assortment covers replacement parts, maintenance items, performance parts, collision components and shop equipment, complemented by diagnostic tools, batteries, chemicals and consumables. O’Reilly serves customers through company-operated retail stores, commercial sales programs for repair shops and maintenance fleets, and digital channels that support parts lookup, ordering and fulfillment.
The company operates a broad supply chain that includes regional distribution centers to support rapid replenishment of store inventory and commercial deliveries.
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